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Fraudulent Cryptocurrency Addresses
Reported On December 11, 2024 at 10:25 am
Title: Other Scam – Fraudulent Activity Involving Cryptocurrency
Title: Fattening the Pig Scam – bybtcoim-vip.top Exchange
Receiving Addresses:
Type of Scam: Fattening the Pig Scam
Description:
The “Fattening the Pig” scam involves fraudsters encouraging victims to invest in a fake trading platform or exchange, like bitcoin-VIP.top, with the promise of high returns. Initially, victims may be able to withdraw small amounts, which encourages further investment. However, when victims try to withdraw larger sums, the scammers either refuse or disappear entirely. The goal is to “fatten the pig” by getting victims to deposit more funds before ultimately stealing them. Always be cautious of exchanges or platforms that guarantee profits and lack proper regulation.